Technical analysis of Major Markets, F/X, and anything that can be traded
This is my diary for trading
Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.

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Mood!

Wednesday, January 14, 2009

More DAX

posted on trade2win.comLooks like we have broken wedge pattern so theoretical downside target 3510..obviously NOT in a straight line...so if not already short I personally would wait for next rally, unless you can play the momentum (more risky) and short it here (maybe drill down to smaller time frame and see resistance support levels for stops and intermediate targets. Quite often we get a retest of the wedge...but that would be a longer term move..